Bush signs $286.4 billion highway bill

updated 8:31 p.m. ET Aug. 10, 2005

MONTGOMERY, Ill - President Bush, saying it will help economic growth, on Wednesday signed a whopping $286.4 billion transportation bill that lawmakers lined with plenty of cash for some 6,000 pet projects back home.

With fanfare, Bush signed the more than 1,000-page highway bill into law at a plant operated by Caterpillar Inc., which makes road-building equipment. For the president, it was his second trip away from his Texas ranch this week to highlight recently passed legislation.

"If we want people working in America, we got to make sure our highways and roads are modern," Bush said. "We've got to bring up this transportation system into the 21st century."

"I mean, you can't expect your farmers to be able to get goods to market if we don't have a good road system," he said. "You can't expect to get these Caterpillar products all around the United States if we don't have a good road system."

Promises of transit projects now a reality
The House and Senate voted overwhelmingly to pass the six-year highway and mass transit legislation just before heading home for a summer break. They left Washington carrying promises of new highway and bridge projects, rail and bus facilities, and bike paths and recreational trails they secured for their states and districts.

The president left Texas during a downpour and ended up speaking under a bright sun at the plant where a crane sported a sign saying "Improving Highway Safety for America." The Chicago suburb is represented by House Speaker Dennis Hastert, R-Ill., who introduced Bush at the event.

"I'm here to sign the highway bill because I believe by signing this bill, when it's fully implemented, there's going to be more demand for the machines you make here," Bush said, adding that a piece of Caterpillar equipment is used at his ranch.

"Because there's more demand for the machines you make here," he said, "there are going to be more jobs created around places like this facility."

Earlier, Bush had threatened to veto the bill if the final version was too fat for his liking, and it took nearly two years for Congress to reach a compromise the White House would accept.

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